Consumer Credit Counceling 101
Here we will go over what you can expect when you go through a consumer credit counceling program. The first step is realizing that you are having too big of a financial challenge and it's time to reach out for help.
Step1: Find a reputable firm to work with
The Justice Department has a list of approved consumer credit counceling programs throughout the US. Here is a link to their … [Read more...]

Debt Advice for Teens
A little heeded debt advice as a teen can make the transition in to adult hood easier financially. How? By using debt wisely you will have the knowledge and foresight to see the impacts of your decisions around debt and can use that to your advantage.
Let's start with an overview of what it means to be in debt. Then we'll go in to unsecured debt vs. secured debt, interest rates and credit … [Read more...]

To Consolidate Debt or not to Consolidate Debt?
That is the question. The answer is ... most likely yes. If you have the creditworthiness to have several higher interest rate debts consolidated to a lower interest rate than it's hard to see why it wouldn't make sene to do. When thinking about consolidating your debt there is really only two considerations to make, will you have lower monthly payments and will you pay … [Read more...]

What does it mean to consolidate debt?
The short answer of what it means to consolidate debt is to bundle all or a portion of your current outstanding debt load and combine the balances owed and reduce the interest rate to on all of them to come up with a single payment that should be far less that all of the payments that were due combined.
Should you consolidate debt?
That is a great question that does not have a … [Read more...]

Credit Card Debt Consolidation
In the simplest of terms a credit card debt consolidation program is the process of negotiating with your current creditors to consolidate all of your indidual high interest rate credit card payments for one, lower monthly payment.
If you 've found yourself with more credit card debt than you can handle and your monthly payments have become overwhelming than a credit card debt … [Read more...]

Using your home equity as a debt solution.
If you are in the enviable position of having equity in your home and/or investment property right now but are burdened with other creditors than this may be a debt solution worth looking into. The way to have access to the money that is in the value of your house without selling to a new buyer is to refinance. By refinancing you are taking equity out of your property and will … [Read more...]

Credit Card Debt Counseling
If you are bogged down in credit card debt and are trying to figure out what you should do to relieve the stress and get back on the right track financiallys. You might want to look at a counseling program that specializes in debt resolution.
Assess Financial Picture
A debt couseling firm will typically start by looking at your entire financial picture and then based on what they have … [Read more...]

Debt Negotiation is all about strength and weakness.
It can be a stressful situation when the debt collectors keep calling and all you want to do the right thing for yourself but have no idea what that is or how to do it. On the other side of the phone are trained debt negotiators looking to squeeze blood from your turnip. With a well crafted understanding of their tactics you can stay in a powerful position. Here are … [Read more...]

Bad Credit Debt Consolidation
If you have bad credit your debt consolidation options may come at a high price if even available at all.
Let's discuss first what debt consolidation is and how it may help you. Put simply debt consolidation is a new loan that will pay off all of your other loans. It used to be that this was a great option because you could probably get a new creditor to pay off all of your other loans … [Read more...]

Debt Elimination Now
Do you have a lot of differnt credit cards and are making more than your minimum payments every month than this article is for you. Credit Card Debt elimination is a must! Outside of settling the debt for less than you owe or filing for backruptcy protection the following 2 approaches are the most popular strategies to paying off credit card debt.
Debt Elimination takes discipline
One approach … [Read more...]

Archives

What would you like to know?

What would you like to know?

Subscribe to Blog via Email

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 1 other subscriber

Email Address

ABOUT US

Why WealthMaverick.com?
We want to create a singular place online to access practical information on understanding the ramifications of debt with your financial life. We hope you find this site useful and if there is anything we can do to make it better, please let us know.